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Core Gold Inc
An SI Board Since March 2006
Posts SubjectMarks Bans Symbol
1931 61 0 CGLD
Emcee:  pstad60 Type:  Moderated








Symbol : CGLD .V

Core Gold Inc. is a Canadian based mining company involved in the exploration,
development and production of gold and silver at 3 established projects in Ecuador.

New exploration is planned for some of the other projects the company holds in
Dynasty Copper-Gold Belt in southern Ecuador, including the Linderos Project and
the Copper Duke Project.


6 million ounces of gold and 27 million ounces of silver in 43-101 compliant resources


Company web site :

coregoldinc.com



Company Twitter account:


twitter.com




Current Corporate Presentation (May 2018):

coregoldinc.com


Dynasty Goldfields Project :

Commenced mining operations at Dynasty Goldfields Project in early January 2017.
Mining and transportation of ore is contracted out.
Ore transported approximately 180 km by road to Portovelo processing facility.
Production from a number of small open pits, Portovelo mill currently processing 750 - 800 tpd .


News release of Contract Mining agreement :
coregoldinc.com



Resources:

Measured: 2,909,000 tonnes grade, 4.7 gpt au, 38.1 gpt ag : 437,000 oz au, 3,567,000 oz ag
Indicated: 3,958,000 tonnes grade, 4.6 gpt au, 38.3 gpt ag : 585,000 oz au, 4,936,000 oz ag
Inferred: 7,825,000 tonnes grade, 4.4 gpt au, 38.5 gpt ag : 1,118,000 oz au, 9,901,000 oz ag



Dynasty Goldfields Technical Report :
coregoldinc.com

(See pages 47 - 51 for table of grades and resources by vein)




General location of Core Gold Projects in the Dynasty Gold-Copper Belt in Southern Ecuador










Linderos Project :


Linderos Project Trenching Map
coregoldinc.com


Initial trench sample results for Linderos include :

21.00m at 18.51 g/t Au
19.95m at 14.31 g/t Au
18.20m at 14.74 g/t Au

17.00m at 13.70 g/t Au
18.00m at 10.10 g/t Au
2.00m at 326.8 g/t Au




Copper Duke Project:
coregoldinc.com












Zaruma Project :





Mill capable of processing 1,000 tpd in current configuration with potential to increase
to 2,000 tpd with $3 million capital investment.

Mill currently being fed with 750 - 800 tpd material from Dynasty Goldfields project.




No production at Cabo de Hornos mine at present. Plans for 200 tpd by Q4 2018
7.5 km of underground development down to 700 meters in depth.


Measured Resource : 1,590,000 tonnes, grade 13.48 gpt au : 689,000 oz au
Indicated Resource : 1,030,000 tonnes, grade 12.18 gpt au : 405,000 oz au
Inferred Resource : 3,700,000 tonnes, grade 12.12 gpt au: 1,448,000 oz au

Preliminary Economic Analysis for Zaruma Project:
dynastymining.com

Zaruma Project Resource chart : Veins



Jerusalem Project :

Located approximately 25km to the south of Lundin Gold's Fruta del Norte Project.

No current activity on the Jerusalem Project .

Measured resource : 379,000 tonnes grade 14.2 gpt au, 76.0 gpt ag : 173,000 oz au, 926,000 oz ag
Indicated resource : 576,000 tonnes grade 13.5 gpt au, 81.0 gpt ag : 249,000 oz au, 1,495,000 oz ag
Inferred resource : 1,775,000 tonnes grade 15.0 gpt au, 98.0 gpt ag : 856,000 oz au, 5,569,000 oz ag

Jerusalem Project Technical report :
dynastymining.com



Share Structure as of June 7, 2018

Shares Issued and Outstanding: 133,519,664



Warrants Outstanding:

3,000,000 exercisable @ $0.15 expiry date Sept. 15, 2018 (Vertex)
750,000 exercisable @ $0.33 expiry date Apr. 3, 2019 (Credipresto)
250,000 exercisable @ $0.35 expiry date Apr. 25, 2019 (Credipresto)
800,000 exercisable @ $0.365 expiry date Apr. 25, 2019 (Credipresto)
22,425,151 exercisable @ $0.45 varying expiry dates (See below)
.
**2,967,503 full warrants exercisable @ $0.45 expiry date June 30, 2019 (5,935,006 half warrants from 1st tranche of June 2017 financing)
**1,642,833 full warrants exercisable @ $0.45 expiry date July 14, 2019 (3,285,666 half warrants from 2cd tranche of June 2017 financing)
**811,457 full warrants exercisable @ $0.45 expiry date Aug 3, 2019 (1,622,914 half warrants from 1st tranche of July 27, 2017 financing)
**1,277,543 full warrants exercisable @ $0.45 expiry date Sept 1 2019 ( 2,555,086 half warrants from 2cd tranche of July 27,2017 financing)
**1,016,612 full warrants exercisable @ $0.45 expiry date Sept 15, 2019 (2,033,244 half warrants from 1st tranche of Sept.6, 2017 financing)
**1,790,832 full warrants exercisable @ $0.45 expiry date Oct. 13, 2019 (3,581,664 half warrants from 2cd tranche of Sept.6, 2017 financing)
**1,581,500 full warrants exercisable @ $0.45 expiry date Dec.18, 2019 (3,163,000 half warrants from 1st tranche of Dec. 1, 2017 financing)
**2,066,666 full warrants exercisable @ $0.45 expiry date Dec 29, 2019 (4,133,333 half warrants from 2cd tranche of Dec 1, 2017 financing)
**2,705,835 full warrants exercisable @ $0.45 expiry date Apr 2, 2020 (5,411,670 half warrants from 1st tranche of Feb 26 2018 financing)
**2,254,970 full warrants exerciable @ $0.45 expiry date May 4, 2020 ( 4,509,941 half warrants from 2cd tranche of Feb 26, 2018 financing)
**548,180 full warrants exercisable @ $0.45 expiry date May 29, 2020 (1,096,359 half warrants from 3rd tranche of Feb 26, 2018 financing)
3,761,220 full warrants exercisable @ $0.45 expiry date Feb 1, 2020 (7,522,440 half warrants from conversion of Vertex $1.5 million promissory note into shares)

**subject to acceleration in the event that the closing price of the Common Shares is $0.60 or higher over a period of ten (10) consecutive trading days.


Options : 11,926,000

1,490,000 @ $0.64 expiry date July 16, 2018
623,000 @ $0.89 expiry date Jan 1 2019
35,000 @ $1.48 expiry Jun19 2019
25,000 @ $1.61 expiry July 28 2019
1,678,000 @ $0.92 expiry date Nov 21 2019
125,000 @ $0.79 expiry date Apr 8 2020
50,000 @ $0.36 expiry date Mar 14 2021
4,400,000 @ $0.23 expiry date Dec 7 2021
3,250,000 @ $0.30 expiry date Feb 27 2023 (25% vest immediately, 25% each 6 month period thereafter)
250,000 @ $0.31 expiry date May 15, 2023 (25% vest immediately, 25% each 6 month period thereafter)





Promissory Notes : (Held by Vertex Managed Value Portfolio and Vertex Enhanced Income Fund)


1. Promissory notes in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2018;

2. Freely assignable convertible promissory notes in the aggregate principal amount of $1-million (U.S.) bearing interest
at 12 per cent per annum and maturing on Sept. 15, 2018, convertible into common shares of the company at 30 cents per share;
(subject to a fixed foreign exchange rate of CAD$1.2895/US$1.00) or 4,298,333 shares


3. Core Gold executed a promissory note on Sept. 9, 2016, in which it agreed to pay US$476,413 upon demand, held by a
numbered company, 0768274 B.C. Ltd. controlled by former CEO Robert Washer.
( Robert Washer also claims US$315,000 in fees owed to another of his companies, Minera Australiana )





Convertible Debentures : (Held by Credipresto SAPI de CV SOFOM ENR)

$1-million (U.S.) convertible secured subordinated debenture at 12 per cent per annum and maturing Jan. 2019.
$0.25 per share conversion rate, based on the noon Bank of Canada Canadian-dollar/U.S.-dollar exchange rate
on the date immediately preceding the closing of the offering; Secured through a pledge of all of the issued and
outstanding share capital of Elipe SA, an indirect wholly owned subsidiary of the company, ranking behind the
Vertex loans outstanding; Based on current exchange rates, if the convertible debenture is fully converted into
common shares of the company, approximately 5,241,600 common shares of the company would be issuable
to Credipresto.


$500,000 (U.S.) secured convertible debenture at a rate of 12% per annum payable quarterly in cash
and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A., an
indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the Debenture
is convertible at any time at the option of the holder into common shares of the Company (the "Common
Shares") at a price of CAD$0.25 per Common Share, based on a Canadian dollar/US dollar exchange
rate of 1.3322. An aggregate of up to 2,664,400 Common Shares are issuable by the Company
on conversion of the Debenture, representing approximately 3.03% of the issued and outstanding
Common Shares on completion of the Private Placement. The principal amount of the Debenture
is convertible on or before April 3, 2019 at the option of the holder into common shares


$500,000 (U.S.) secured convertible debenture bears interest at a rate of 12% per annum payable quarterly
in cash and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A.,
an indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the
Debenture is convertible at any time at the option of the holder into common shares of the Company
(the "Common Shares") at a price of CAD$0.26 per Common Share, based on a Canadian
dollar/US dollar exchange rate of 1.3516. An aggregate of up to 2,599,231 Common Shares are
issuable by the Company on conversion of the Debenture, representing approximately 2.96% of
the issued and outstanding Common Shares on completion of the Private Placement. The principal
amount of the Debenture is convertible on or before April 25, 2019 at the option of the holder into
common shares




Debt Repayment Schedule: Original balance US$10,550,000 on June 1, 2017.
Revised May 31, 2018 with remaining balance of US$7,620,000.

(Money owed to Government, Employees, Suppliers, Contractors) See details in news release:


web.tmxmoney.com

During the month of May 2018, the Company amended the payment plan contract (“Amended Payment Plan Contract”)
to continue to conduct its mining operations and postpone any actions by the Representative against its assets, provided
Elipe funds various outstanding liabilities on the following revised schedule:

DatePayment (‘000)
June 2018 to August 2018$400 per month
September 2018 to April 2019$712 per month
May 2019$724 per month
TOTAL$7,620





Credipresto S.A. de CV SOFOM USD $1,600,000 short term bridge loan

The Company is pleased to announce it has entered into an agreement to issue a secured debenture in
the aggregate principal amount of USD $1,600,000 (the "Debenture") to Credipresto S.A. de C.V.
SOFOM E.N.R. ("Credipresto"). Credipresto has agreed to roll the Debenture amount into the
proposed Investa debt facility.
The Debenture will have the following terms:

Interest will accrue at a rate of 15% per annum, 6 months maturity (July 31, 2018):

25% principal and accrued interest due on April 30, 2018
25% principal and accrued interest due on May 31, 2018
25% principal and accrued interest due on June 30, 2018
Remaining principal and accrued interest due on July 31, 2018





Proposed Debt Facility With Investa Bank S.A.

web.tmxmoney.com

Expected to be completed by March 31, 2018





Fully Diluted Shares: 187,554,389




INSIDER HOLDINGS
( Information compiled from Sedi.ca, the 2017 Annual Information Circular, and regulatory filing 62-103F1 on Sept 12, 2016 )


Keith Piggott (CEO) ………..12,201,465
Gregg Sedun (Director)….........286,396
Gregg Sedun Family .............3,281,000
Gregg Sedun's Associate .... 3,281,000
Javier Reyes (Credipresto)....4,587,360
Mark Bailey (Director) ..............253,712
Total holdings ………….... 23,872,933 common shares



Robert Washer (Former CEO and Former Chairman of the Board, >10% shareholder)
Cinergy Capital ………….. .9,731,284
Valorium Int’l ……………… 5,348,784
Held Directly ..........................500,000.
Robert Washer Total ….. 15,580,068 common shares


Total Insider Holdings39,453,001 common shares


Shares Issued and Outstanding : 133,519,664



% of insider holdings ----- 29.55%






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ReplyMessage PreviewFromRecsPosted
1931Another new article about Core Gold Inc. posted on BNNBloomberg website: bnnbpstad60-yesterday
1930 New analyst coverage on Core Gold Good write-up by Caesars' Report. pstad601Tuesday
1929 Core Gold Director Javier Reyes interview on Market One Media Group. youtpstad60-Monday
1928LoneClone, Otto has always had a love/hate relationship with this company. DMpstad60-June 5
1927 Otto Rock weighs in incakolanews.blogspot.com LCLoneClone-June 1
1926Q1 2018 Financials and MD&A posted on company website : coregoldinc.com pstad60-May 31
1925 Core Gold Produced 5,528 Ounces of Gold in Q1 2018 and Provides a Corporate Updpstad60-May 31
1924 Final tranche of private placement complete, with some more insider participatipstad60-May 29
1923Keith Piggott once again guiding to 50,000 oz gold production run rate by end ofpstad601May 24
1922 AGM date July 12, 2018. Posted on SEDAR on May 11, 2018 To: All Canadianpstad60-May 17
1921 New Keith Piggott interview Posted by Proactive Investors Stocktube on May pstad601May 16
1920Substantial insider participation in second tranche of current private placementpstad60-May 4
1919Very informative. You have done a great job, laying out in such detail the Comphilv-April 29
1918New Interview with Keith Piggott on April 24, 2018 Chris Temple has a paid pstad602April 29
1917 Core Gold Completes USD$1,600,000 Short Term Bridge Loan with Credipresto Aprpstad60-April 26
1916Core Gold will be attending Mines and Money New York Mines and Money is onpstad60-April 25
1915 Core Gold President Keith Piggott - 2018 PDAC Presentation Here is a link to pstad602April 24
1914 Update on Core Gold Inc posted through Stockhouse Publishing. whatcounts.cpstad601April 20
1913 E-Research Initial Report on Core Gold - dated Feb 19, 2018 baystreet.ca pstad601April 9
1912Mickey Fulp interviews Core Gold President Keith PIggott youtube.com GLTA ! pstad601April 5
1911Core Gold Announces Completion of $1,623,501 First Tranche of Private Placement LoneClone-April 3
1910 Investment Pitch Media: Core Gold Inc (TSXV:CGLD) Plans for drilling program apstad60-March 23
1909 Core Gold sued over unpaid note, fees 2018-03-21 10:29 ET - Street Wire bypstad60-March 22
1908 Core Gold Announces Receipt of Drilling Permit and 15,000 Meter Drill Programpstad60-March 22
1907 I attended PDAC on Monday March 5, and took in a number of presentations by numpstad602March 13
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